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08 Oct 2010 14:04

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Biz: Depressing: Tribune Corp. apparently run by overgrown teenagers

  • Here was this guy, who was responsible for all these people, getting drunk in front of senior people and saying this to a waitress who many of us knew. I have never seen anything like it.
  • An anonymity-hidden former Tribune executive • Describing a scene where a top Tribune Corp. exec offered a waitress $100 to show him her breasts. If that doesn’t underline the frat-boy atmosphere of the company, we don’t know else would. The company, currently comprised of a bunch of former radio execs, was run into the ground thanks to Sam Zell, who leveraged relatively little of his own money to pay for the sale, but many of his employees’ pensions. Zell no longer has a day-to-day role in the company, which has somehow managed to wear its lack of respect for journalism as a badge of honor, one that shows itself with every layoff, with every questionable advertising decision (looking at you, L.A. Times) and with every disgusting detail of this New York Times story that we’re linking to right here. source

15 Jul 2010 22:25

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Biz: Goldman Sachs’ SEC settlement a drop in the investing bucket

  • $550
    million
    the size of the settlement the company had to pay to the SEC
  • $13
    billion
    the size of the company’s massive annual profits last year source

13 Jun 2010 10:48

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Politics: Glenn Beck has common ground with George Soros, Scrooge McDuck

All three men LOVE gold. And much like Mr. McDuck, Glenn Beck is a cartoon character living in a fantasy world. But that’s besides the point. source

08 Jun 2010 10:47

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Biz: Investors must be scared: Gold hits a record high value

  • $1,251 per ounce of pure, golden gold source